Metaplanet’s Bitcoin Premium Sparks Concerns of Bubble & Potential Market Correction

A recent report from 10x Research highlights the potential for a bubble in the crypto market as Metaplanet, often used by Japanese investors to gain exposure to Bitcoin, trades at an astounding 447% premium. This valuation mismatch suggests a disconnect between the price of Metaplanet’s stock and its actual Bitcoin holdings. While Bitcoin’s current market value is around $109,000, Metaplanet’s stock has soared to over $596,000, signifying a significant premium. This disparity raises concerns about potential downside risk for investors.